Do not invest more money than you can afford to lose.
The UK branch of forex brokerage Admiral Markets Group has raised the required minimum deposit amount, the brokerage said on Friday. The changes came into effect from 1 June, 2016.
The broker did not provide figures, but according to data on its website, depending on the type of payment system, the minimum amount traders can deposit ranges from no limit to 50 currency units, except for PLN (300 units), CZK (2,000 units), and HUF (20,000 units). Following are details with Admiral Markets’ new payment conditions:
In addition, the broker has limited the number of free payouts per calendar month to two in total. It allows withdrawals via bank transfers only. Admiral Markets intends to unify its price list between countries, which, however, is not expected to result in significant changes for customers.
In addition, the broker’s clients take advantage of two free payouts per calendar month. Admiral Markets intends to unify its price list for all regions, which, however, is not expected to result in significant changes for customers.
In early May, Admiral Markets UK reduced the minimum required deposit to GBP/EUR/USD/CHF 200 on the Supreme edition of the MetaTrader 4 (MT4) trading platform. The change applied to two of the three type of accounts available with the broker – Admiral.Markets and Admiral.Prime.
Admiral Markets UK is based and regulated in the UK and has a sister company in Australia, Admiral Markets Pty. Both brokers are units of Estonia-based Admiral Markets AS, part of the holding company Admiral Markets Group, which also includes Cyprus-regulated Admiralex.
The broker offers trading in a wide range of instruments, including forex, commodities, indices, shares, bonds.
Source: Admiral Markets
